Investors Buy Large Volume of Put Options on TechnipFMC (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) saw unusually large options trading on Tuesday. Stock investors acquired 9,461 put options on the stock. This represents an increase of 655% compared to the average daily volume of 1,253 put options.

Insider Buying and Selling

In other news, CAO David Light sold 5,928 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total value of $153,001.68. Following the sale, the chief accounting officer now directly owns 11,534 shares in the company, valued at $297,692.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of TechnipFMC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in TechnipFMC by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after buying an additional 3,259,348 shares in the last quarter. Norges Bank bought a new position in shares of TechnipFMC in the 4th quarter worth about $61,570,000. Balyasny Asset Management L.P. grew its stake in shares of TechnipFMC by 868.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock valued at $63,082,000 after buying an additional 2,808,618 shares during the period. Anomaly Capital Management LP grew its stake in shares of TechnipFMC by 50.3% in the 2nd quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after buying an additional 1,144,087 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of TechnipFMC by 182.8% in the 4th quarter. TD Asset Management Inc now owns 1,680,716 shares of the oil and gas company’s stock valued at $33,850,000 after buying an additional 1,086,400 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Trading Down 5.0 %

TechnipFMC stock opened at $25.49 on Wednesday. The business has a 50 day moving average price of $26.88 and a two-hundred day moving average price of $25.57. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 54.23 and a beta of 1.52. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the firm posted $0.10 EPS. The business’s revenue was up 17.9% on a year-over-year basis. As a group, equities analysts forecast that TechnipFMC will post 1.34 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, August 20th. TechnipFMC’s dividend payout ratio is 42.55%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FTI. Susquehanna raised their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Citigroup raised their price target on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and an average price target of $29.38.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.